S&P 500 reversed yesterday but poised to test Feb/March lowsNasdaq 100 weaker and looks poised to first test last month’s lowsThe S&P 500 reversed with vigor yesterday, but it’s just a one-day reversal within a weak trend. It appears the market is set to test the March lows soon or worse. This could lead to a sustainable bottom or only a bounce, we will need to monitor price action should those key levels get tagged soon.The first level to watch is at 4157, a higher low that was created after the panic low set on Feb 24.
